Franchise is improving; a host of negatives make stock an expensive bet at current levels; ‘Hold’ maintained.

HCL Tech’s board has approved the proposal to buy back up to 36.4 million equity shares for an aggregate amount not exceeding Rs 4,000 crore, i.e, 2.6% of total paid-up equity share capital, at Rs 1,100 per share.

HCL Tech continues to invest in new opportunities like IP, niche acquisition and S&M to strengthen client relationship.

With new Vallam Vadagal facility ramping up, it can do a production of 950k units in FY19 . RE has started work towards phase 2 of its new plant and will have exit capacity of 1.2 mn per annum eventually, post which it will h

Tejas’ management in the analyst meet reiterated 20% CAGR revenue guidance for FY17-20E led by a strong order book to be executed over FY18-20E (after muted FY18) implying a stronger growth.

Giving an update on Vision 2022, Westlife’s management in the analyst meet highlighted that the company remains on track to expand to 450-500 restaurants, 300-350 McCafes and 300-325 McDelivery hubs by FY22.

Kotak Mahindra Bank’s Q4FY18 PAT at Rs 1,120 crore was marginally lower than our estimate as it took a one-time hit of Rs 82 crore on employee expenses and did not avail RBI dispensation on amortization of mark-to-market lo

TCS reported double-digit USD revenue growth (last seen in Q4FY15) on 7.6% y-o-y growth in CC terms. We expect strong deal wins even in an ailing vertical like Retail and bottoming out of challenges in BFS/NA to drive high si

However, weak organic revenue growth compared to peers is a cause for concern; ‘Hold’ retained with TP revised to 1,030

On April 6, 2018, USCIS announced that it has received more than enough H-1B petitions to meet the numerical limit for fiscal year 2018 cap-subject H-1B visas, which includes both the 65,000 general H-1B cap petitions as well